Rewrite the Technological Landscape

Recently, Meng Qian has been very busy. After returning from the Neon Country this time, many things have finally come to fruition, and Meng Qian finally has time to listen to this year's mid-year report.

In the first half of this year, the company's sales exceeded 150 billion, exceeding the original target.

The development of most departments is still relatively stable, and there is not much that needs Meng Qian to intervene. After the cooperation with the Beidou system and the Huanihong Alliance on the lithography machine, the state of the employees has improved a lot. Although Meng Qian knew it well, he really wanted to build an EUV lithography machine, at least five years to start.

For Dafeng Investment, there were 10 companies in the core investment in the first half of the year. In fact, Meng Qian has never heard of 9 companies, but there is one Meng Qian is very familiar with, Hikvision, a leading global security company with a future market value of 300 billion.

"Hikvision, founded in November 2001, the main business is compression boards, the latest project direction, digital cameras, future goals, security." Meng Qian pretended not to know this company, "The company is currently valued at 300 million soft girls Coin, this is no longer a start-up company, I think you rarely touch this kind of company, why would you consider investing in this company?"

Shao Yibo seriously replied, "Three reasons, the first is that I recognize their development direction, the second reason is that this company is currently the most capable in research and development in this field in China, and the third reason is that the company The directors are willing to share the money with everyone.”

"Tell me about the specific situation."

"Let's talk about the general background first. For a long time, China's national security products have basically adopted foreign brands, and the front-end equipment is almost monopolized by neon enterprises. However, security issues have attracted more and more attention from the country, gradually affecting finance, postal services, public security, Important fields such as military industry.

Therefore, during the hard disk video recorder revolution in the 1990s, the state encouraged and promoted a number of domestic enterprises to make efforts in this field, including Lan Industrial, Hongtianzhi, Tiandi Weiye and Tianjin Ya'an, etc., but from the results, our domestic enterprises The foundation of the industry is far inferior to that of foreign countries, failed to grasp this change, and the entire industry is still highly dependent on foreign countries.

Until 2000, the core technology of hard disk video recorders, the technical standard of video and audio coding was upgraded from MPEG1 to MPEG4. The compression efficiency and performance of the MPEG4 standard are higher, so that while ensuring the image quality, MPEG4 can save a lot of hard disk storage Space and network transmission bandwidth are another technological breakthrough.

Seeing this opportunity, Chen Zongnian, Hu Yangzhong and others founded Hikvision. Shortly after its establishment, it launched board products based on the MPEG4 standard, quickly occupying 60% of the Chinese market.

In 2003, Hikvision launched the H-series compression card based on the H.264 standard, becoming the first company in China to commercialize the H.264 standard. In the past two years, Hikvision has The field of mainstream compression boards occupies 80% of the market. "

"Have you ever been to their R\u0026D center?" Meng Qian was most concerned about this.

"I've been there. Most of their first batch of scientific researchers came from the 52nd Institute of Huaxia Electronics Technology Group and Huazhong University of Science and Technology. The research and development funds for the past few years have also been in place."

Meng Qian nodded, "Tell me about the future direction."

"In the past two years, the front-end analog cameras have gradually become unsuitable for video surveillance systems due to the complex signal conversion process, unstable signal transmission, susceptible to electromagnetic interference, and low video resolution. Therefore, the back-end hard disk video recorder has become a new trends in the industry.

Especially with the development of information technology and the gradual formation of broadband information network, this provides a good digital foundation for the large-scale application of digital cameras. Compared with analog cameras, digital cameras can not only use algorithms to adjust the image effect, but also transmit video signals to any location in the world through the Internet by digitizing and compressing the video signal before transmission, with high transmission efficiency and The signal is stable.

Therefore, I judge that it has become an inevitable trend for digital cameras to replace analog video cameras.

And this is exactly the next key development goal of Hikvision. "

"It is indeed very important to choose the right direction, but as you said just now, China lags behind foreign countries in the entire security field, especially the neon country. Even if Hikvision chooses the right direction, can it grasp this direction? What about? In the 1990s, didn’t all the companies that chose the right direction of hard disk video recorder technology fail?” Meng Qian deliberately picked faults.

Shao Yibo was very confident, "Let me not talk about Hikvision's own R\u0026D level and R\u0026D attitude. Let me talk about two other things first. First, ten years ago, Huaxia was short of talents in the software field. I have done research on the companies of that era. They really worked hard to achieve the technology they wanted and invested money, but they didn't have the talent to complete these things.

Today, ten years later, the domestic education environment has undergone great changes, and more importantly, the domestic software environment has long been different. Now almost all software majors in colleges and universities are popular majors, and major cities are everywhere. IT training courses, domestic software companies are going out, our software strength has undergone earth-shaking changes in ten years, and today's all these, Mr. Meng is very familiar with, after all, here is the credit of our Dafeng Group.

Another point is that in the research and development of digital video surveillance systems, video and audio codec technology is the core. At the same time, it also involves video and audio signal acquisition and processing technology, integrated circuit application technology, information storage and call technology, network transmission and control technology, and video and audio information display technology. After sorting out these technologies, you will find that our Dafeng Group has been involved.

These include the research and development of Nortel Networks in the field of network transmission that we have just cooperated with, including the research and development of video and audio between us and Sony, including our own research and development of information storage and calling technology, and research and development of integrated circuit application technology.

So the reason why I want to invest in Hikvision is more in the product itself. What I am looking forward to is not whether Hikvision can make China break away from the dependence on Neon Country in the field of security, but that we have this opportunity in a There is no reason not to fight for domestic independence in the field. If Hikvision can’t do it, Dafeng Group will help him do it. If Hikvision really can’t do it, we can even take over directly. "

Meng Qian gave Shao Yibo an expression of approval. He likes Shao Yibo's way of thinking about problems. First of all, he has a sense of social responsibility and a sense of national honor. This is in line with Dafeng Group's corporate culture. Don't talk about businessmen, they should be selfish, Meng Qian As a reborn person, you have the ability to have both, so how about it.

In addition, when Shao Yibo invested in a company, he could think of using Dafeng Group's ability to support the other party, rather than simply investing for the sake of making money. This is the idea that Meng Qian has been instilling in Dafeng Investment, and he did it.

In addition, Meng Qian knew the future of Hikvision, so he naturally supported the investment, "How much money do they need?"

"50 million soft sister coins, 15% of the shares."

"Okay, you control it yourself."

"Mr. Meng, there is another matter." After talking about the investment, Shao Yibo began to bring up a matter recently discussed by the senior management of Dafeng Investment.

"What's up?"

"We want to do online finance."

In fact, many people in the company have mentioned about the company's financial affairs, but how to do it, different departments and different subsidiaries have different ideas. Some people proposed to open a bank abroad, and some people proposed to engage in insurance. Many things were discussed, and Shao Yibo proposed Another concept, "Be specific."

"The development of Alipay in the past few years has shown us the country's attitude towards online finance and the bottom line. We want to be a third-party payment platform of our Dafeng Group. On the one hand, for game platforms and Fengxin platforms, users' payment It's more convenient. Instead of using Alipay to support users' payments, why don't we build a third-party payment platform ourselves.

More importantly, we want to use an online third-party payment platform as a fulcrum to gradually build an online financial system belonging to our Dafeng Group. "

"Why use an online third-party payment platform as a fulcrum?"

"Because of convenience. The development of online banking in the past few years has allowed users to taste the convenience of moving finance online. Before buying a game card, you had to go to a physical store, but now you can pay with online banking, which is easy.

And this kind of convenience actually has unlimited extensibility. Cooperate with operators, recharge phone bills, cooperate with governments, pay utility bills, cooperate with banks, repay mortgages, repay credit cards, cooperate with insurance companies, renew insurance premiums, cooperate with funds, buy financial products, etc.

We can fully expect to create an online financial community, and this community can also go abroad. In the future, we can cooperate with operators, governments, banks and insurance companies in any country, but this is only the first step.

After building this online community, what is the second step?

That is to create our own financial brand, just like many people in the company suggest opening a bank, doing insurance, and making a fund. is a question that needs to be considered.

But once we have our own online financial community, as long as we can get a national license, we will have the basis for everything we do.

Therefore, we suggest that the company has its own third-party payment platform. The first step is to have its own payment function. The second step is to create a cooperative online financial community. The third step is to create our own financial industry. The fourth step is to realize the online financial ecology. "

Meng Qian looked at the detailed project plan Shao Yibo handed over, and nodded silently, "It's a good idea."